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Mediterranean’s Busiest Port Launches Expansion Project

Mediterranean’s Busiest Port Launches Expansion Project

Tanger Med, the busiest port in the Mediterranean, has officially launched the third phase of its expansion in the shape of Tanger Med port 2 in a ceremony led by Mohammed VI, King of Morroco,  and further strengthened its position as the most innovative port in Africa and as a major trade hub.

According to a statement, the new port will develop the two new container terminals, which will increase the annual capacity by 6 million TEU, in addition to the 3 million handled by Tanger Med 1 port.

A recent Port Technology technical paper looked at Egypt's maritime industry

 

 

The expansion is being funded by a public and private investment program worth approximately US$800 million and will see APM Terminals (APMT) develop the TC4 container terminal at the Tanger Med 2 port under a 30-year concession agreement.

In a statement released by A.P. Moeller-Maersk, APMT's CEO Morten H. Englestoft said: “APM Terminals has a long-term relationship with Morocco and we are proud to be operating the second container terminal in the Tanger-Med port complex.

“APM Terminals MedPort Tangier is a key junction in our global network allowing us to serve our customers better and further facilitate global trade.”

This will be the second terminal in Tanger Med port 2 operated by APMT, which the port hopes will further consolidate its position as a major transshipment hub.

In 2018, the port, situated on the Strait of Gibraltar, became home to the first industrial free zone in Africa and exported approximately $8.3 billion worth of goods.

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